Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.020%

Price spread now: SunX against Aftermath Perps+0.551%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.551% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.551% now, against zero (this spread has no 7-day history yet)): +$55 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	94.420	0.0010	pay 0.0001% / 1h	48m 48s	$7K	$37K	5x
Short	SunX BRENTOIL-USDT	94.940	0	get 0.0000% / 4h	48m 48s	$4K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aftermath Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee SunXbpOrdersPrice spread, now +0.551%Rate

Funding earned: −$2.03
Price spread: +0.551% → 0.000%: $55.11
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $36.08
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aftermath Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 1 min ago	18.94 bp	26.9 bp −$27	35.2 bp −$352	doesn't fit	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BZ/USDC	−0.0384%	1h	94.873	+0.480%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0335%	1h	94.935	+0.546%	$107K	$277K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.950	+0.562%	$236K	$1.2M	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0066%	1h	95.000	+0.615%	$29K	$384K	15x	as long as short
Bybit BZUSDT	−0.0065%	8h	94.850	+0.456%	$10.5M	$18.0M	100x	as long as short
BloFin BZ-USDT	−0.0056%	4h	94.890	+0.498%	$1.5M	$124K	50x	as long as short
Binance BZUSDT	−0.0022%	4h	94.840	+0.445%	$146.1M	$477.3M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.416	−0.004%	$217K	$231K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.439	+0.021%	$16K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.877	+0.485%	$326K	$683K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.880	+0.488%	$15.8M	$30.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.820	+0.424%	$8.9M	$13.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.920	+0.530%	$27.5M	$31.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.410	−0.010%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	94.940	+0.551%	$4K	$1.6M	20x
HTX BRENTOIL-USDT	0.0000%	4h	95.000	+0.615%	$243K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.000	+0.615%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSDlong	+0.0010%	1h	94.420	long leg	$7K	$37K	5x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.569	+1.217%	—	—	—	as long as short
Vest BZ-PERP	+0.0016%	1h	98.420	+4.237%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.850	+0.456%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.887	+0.495%	$761K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.441%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	94.851	+0.457%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.840	+0.445%	$142.3M	$187.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.788	+0.390%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.940	+0.551%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.820	+0.424%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.410	−0.010%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.965	+0.578%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	+0.064%	$33K	—	20x	as long as short